An External Cost Is a Cost of Producing a Good

question 71

Multiple Choice

An external cost is a cost of producing a good or service that is

• A) not paid by the producers.
• B) paid by the producers.
• C) paid by the government.
• D) paid by the consumer and the government.

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Definitions:

Intrapersonal

Relating to internal processes within an individual, including emotions, thoughts, beliefs, and self-concept.

Interpersonal

Pertains to the interactions and relationships between people, often highlighting communication skills and emotional intelligence.

Developmental

Relating to the systematic changes and continuities in the individual that occur between conception and death, including physical, cognitive, and social-emotional growth.

Fundamental

Relating to the most basic, essential or central aspects of something.